Glossary

Bangladesh Accord - An international agreement between companies and trade unions to improve safety in the textile industry in Bangladesh

BRC - British Retail Consortium

BRC CP - British Retail Consortium Consumer Products, a standard for non-food products that covers product safety, quality and compliance

BRC S&D - British Retail Consortium Storage and Distribution, a quality standard for retailers that covers product safety, quality and compliance

BSCI - Business Social Compliance Initiative, European platform for social compliance in supplier countries

Business Ethics and Policy Committee - ICA Gruppen's cross-organisational committee that suggests sustainability priorities and monitors ethical dilemmas, risks and public opinion

Capital employed – Total assets less non-interest bearing liabilities and provisions.

Cash flow per share – Cash flow for the period divided by the average number of shares outstanding.

Corporate brand - All products where ICA is the primary contact for the product, essentially private label products

Debio - Certification body for organic production, Norwegian equivalent to Sweden's KRAV

Earnings per C share – Same definition as Earnings per ordinary share, since ordinary shares and C shares provide entitlement to equal participation in earnings and equity. C shares do not carry entitlement to a cash dividend, which is the case for ordinary shares.

Earnings per ordinary share – Profit for the period, excluding non-controlling interests, divided by the average number of shares outstanding.

EBITDA – (Earnings Before Interest, Taxes, Depreciation and Amortisation). Operating profit, excluding acquisition effects, before depreciation and impairment.

Equity per share – Equity, excluding non-controlling interests, divided by the total number of shares outstanding.

Equity/assets ratio – Equity including non-controlling interests as a percentage of total assets.

Fairtrade - Independent labelling system that promotes better working and living conditions for growers and their employees in countries with widespread poverty

GFSI - The Global Food Safety Initiative, a business-driven initiative for the continuous improvement of food safety management systems

Global Compact - UN initiative to encourage companies to support human rights, labor and the environment

HACCP - Hazard Analysis and Critical Control Point, risk analysis and management program

High-risk countries - High-risk countries are as defined by the UN Human Development Index and Economic Security Index (UNDP)

ICA's Good Business - Seven position statements that govern ICA's operations and serve as the foundation for the sustainability work

IEH - Ethical Trading Initiative Norway, a forum for ethical trade and other challenges in global supply chains

ISO 9001/ISO 14001 - International standards for quality/food safety and environmental management systems

KRAV - Swedish independent labeling system for organic food

Large cap is NASDAQ OMX Stockholm’s list of large companies.

MSC - Marine Stewardship Council, international ecolabel for seafood

NASDAQ OMX Stockholm is a marketplace for trading in securities. In addition to shares in various Swedish companies, other types of securities are also traded, such as bonds, debentures, lottery bonds, options and futures.

Net debt – Interest-bearing liabilities excluding pensions, ICA Bank and cash and cash equivalents.

Operating margin – Operating profit as a percentage of net sales.

Preference share – A share which has preferential rights over other shares, such as ordinary shares, when dividends are paid or in the event of liquidation.

Pro forma – The pro forma financial statements show a hypothetical financial situation. Pro forma financial statements have been prepared in order to illustrate what the financial situation would have been had ICA Gruppen had its present structure in 2012 and 2013.

Rainforest Alliance - Independent labelling system that aims of working to conserve biodiversity and ensure sustainable livelihoods

Return on capital employed – Profit after financial income, excluding acquisition effects, as a percentage of average capital employed. ICA Bank’s operations are excluded from both the income statement and balance sheet when calculating return on capital employed.

Return on equity – Profit after tax, excluding acquisition effects, as a percentage of average equity. ICA Bank’s operations are excluded from both the income statement and balance sheet when calculating return on equity.

RSPO - Roundtable on Sustainable Palm Oil, an organization established to promote the growth and use of certified sustainable palm oil

RTRS - Round Table on Responsible Soy, an organization established to promote the growth and use of certified sustainable soy

Swan - Official Nordic ecolabel of the Nordic Council of Ministers

Svensk standard för livsmedelshantering i butik - Swedish industry standard for food handling and food safety in stores

UN-Water - UN entity that support states in their water-related efforts to reach the Millennium Development Goals

UTZ Certified - Independent labelling system and program for sustainable farming of agricultural products